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Eaton Vance Closed-End Equity Funds Declare Monthly Distributions

BOSTON, June 13, 2014 /PRNewswire/ -- Eaton Vance Management ("EVM") today announced that two Eaton Vance closed-end equity funds (the "Funds") declared monthly distributions. The record date for the distributions is June 23, 2014, and the payable date is June 30, 2014. The ex-date is June 19, 2014. The distribution per share, closing market price on June 12, 2014 (or last trade price), and annualized market yield for each Fund are as follows:

A Fund's distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in a Fund's distribution rate at a future time.

The Funds are managed by the Boston-based investment adviser EVM, a subsidiary of Eaton Vance Corp. (EV), one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $285.9 billion in assets as of April 30, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. Eaton Vance's long record of providing exemplary service and attractive returns through a variety of market conditions has made it the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.